Pershing Square

The biggest stories from the past week – all in one place…

The biggest stories from the past week – all in one place…

The deal requires Pershing to sell at least $500 million worth of its UMG holdings as part of the listing process.

"We believe that UMG stock is substantially undervalued at its current share price..."

Wall Street analysts were disappointed that UMG's subscription streaming revenues 'only' grew 6.9% YoY in the quarter

Ackman had significantly reduced the price target for his US-based closed-end fund, before pulling out of the IPO altogether

Ackman confirms that IPO will be priced at less than a tenth of original $25 billion target

How Pershing Square's new money-game connects to Universal Music Group – and the music business at large

Pershing effectively laughs in the face of concerns raised by analysts earlier this year over AI's threat to UMG